As the broader crypto market remained bullish for the last five consecutive days, several altcoins like Cardano, Dogecoin, and Shiba Inu enjoyed significant price gains over the past week.
ADA, DOGE and SHIB recorded massive price gains, posting a 7-days positive change of 11.78%, 13.66% and 14.61%, respectively, to outperform the top 20.
Cardano Remained Bullish
ADA, the native token of the Cardano blockchain, remained up by 24.79% in the past week and is now the 7th largest cryptocurrency by market cap.
This week, Cardano’s Input Output became an official new member of the American Chamber of Commerce (AmCham) Mongolia, which can be responsible for this massive price spike alongside the bullish market Sentiment.
[AmCham Members] We are very excited to announce our newest member @InputOutputHK, a leading technology company committed to the highest principles of academic rigor and evidence-based software development.
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— AmCham Mongolia (@AmChamMongolia) July 19, 2022
Dogecoin Surged by 14%
Meme token, Dogecoin also tried to recover its past losses by surging nearly 14% in the last week. Currently, it is trading at $0.069, with a 24-hour daily high at $0.075. The current market cap stands at $9B.
The team is expected to release Dogecoin Core update 1.14.6, which hopes to include essential security updates and improve network efficiency. According to Santiment, DOGE also witnessed large capital inflows alongside altcoins like MATIC and UNI.
🐳 With many #altcoins enjoying a solid rebound to their market caps in July, we can see the amount of $100k+ valued whale transactions are beginning to rise. $DOGE, $MATIC, & $UNI are noticeably seeing rises in these large transactions on their networks. https://t.co/XYEQPr6mWG pic.twitter.com/JR97zQuqXa
— Santiment (@santimentfeed) July 19, 2022
SHIB Climbs 15% in 7 Days
SHIB is currently changing hands at $0.00001188 with an almost 15% price surge over the last week. According to WhaleStats, the Shiba Inu holder count has also increased, presently at 1,209,501.
In addition, Shiba Inu is one of the biggest token held by the top 100 ETH whales, holding nearly $563,163,878 worth of SHIB.
According to Grayscale, here’s when the Cryptocurrency Bear Market will End.